Australia’s Anti-Dumping Commission (ADC) has announced the fifth extension of time granted to issue the final report of the investigation into alleged dumping and subsidisation of precision pipe and tube steel imported from Vietnam, China, the Republic of Korea and Taiwan (China).

Illustrative photo. (Source: thuongtruong.com.vn)

Australia’s Anti-Dumping Commission (ADC) has announced the fifth extension of time granted to issue the final report of the investigation into alleged dumping and subsidisation of precision pipe and tube steel imported from Vietnam, China, the Republic of Korea and Taiwan (China).

The report is now due to be released on or before August 27, 2021, the Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam (TRAV) quoted the ADC as saying in its new statement.

The ADC on June 1 issued the Preliminary Affirmative Determination on the probe, saying there appear to be insufficient grounds for the publication of a dumping duty notice and a countervailing duty notice in respect of precision pipes and tubes exported from Vietnam.

It found no evidence of significantly different prices for raw materials in Vietnam compared to other Asian countries nor official Government plans to control or otherwise influence Vietnam’s steel industry.

The ADC said it was also unaware of any intervention by the Vietnamese Government affecting the normal value of the product.

There exists no evidence of a continuing impact from steel master plans developed by the Vietnamese Government as these plans have been invalid since 2019, according to the findings.

Dumping margins were found to range from -12.2 percent to -6.5 percent among Vietnamese exporters while subsidy margins were determined at only 0 – 0.1 percent. Therefore, it is not necessary for Australia to require and take securities on the products exported from Vietnam.

According to statistics from the General Department of Vietnam Customs, the export turnover of Vietnamese precision steel pipes to Australia in 2019 topped 15 million USD./.